TPI Composites, Inc. (NASDAQ:TPIC) Given Consensus Recommendation of "Hold" by Brokerages

TPI Composites, Inc. (NASDAQ:TPIC - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $3.16.

A number of research analysts have issued reports on TPIC shares. Wall Street Zen raised TPI Composites from a "sell" rating to a "hold" rating in a research note on Monday, February 24th. Jefferies Financial Group cut TPI Composites from a "hold" rating to an "underperform" rating and reduced their price objective for the stock from $2.30 to $0.50 in a research report on Tuesday, March 18th. Finally, UBS Group reduced their price objective on TPI Composites from $1.60 to $1.40 and set a "neutral" rating for the company in a research report on Thursday, May 29th.

Institutional Trading of TPI Composites

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC bought a new stake in TPI Composites during the fourth quarter worth about $25,000. Two Sigma Securities LLC bought a new stake in TPI Composites during the fourth quarter worth about $31,000. Dark Forest Capital Management LP bought a new stake in TPI Composites during the fourth quarter worth about $33,000. Nuveen LLC bought a new stake in TPI Composites during the first quarter worth about $35,000. Finally, Alpine Global Management LLC bought a new stake in TPI Composites during the fourth quarter worth about $38,000. Institutional investors own 75.24% of the company's stock.

TPI Composites Trading Down 7.3%

NASDAQ:TPIC opened at $1.14 on Friday. TPI Composites has a 1 year low of $0.64 and a 1 year high of $5.26. The stock has a market cap of $55.46 million, a price-to-earnings ratio of -0.24 and a beta of 2.10. The stock has a 50-day moving average price of $1.06 and a two-hundred day moving average price of $1.23.

TPI Composites (NASDAQ:TPIC - Get Free Report) last posted its earnings results on Monday, May 12th. The industrial products company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.51). The business had revenue of $332.45 million during the quarter, compared to analysts' expectations of $310.50 million. Sell-side analysts forecast that TPI Composites will post -0.9 earnings per share for the current year.

About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.

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